The Payments to the Churches Conservation Trust Order 2017

Amount of payment

3.—(1) The total amount to be paid by the Commissioners to the Churches Conservation Trust in respect of the funding period specified in article 2, by way of grants under section 57(19) of the 2011 Measure and moneys allocated under section 64(1) of that Measure, is—

(a) £4,290,000, and

(b) such additional amounts as are provided for by paragraph (2).

(2) Where the Commissioners’ one-third share of the proceeds and premiums received during 2018, 2019 or 2020 exceeds £600,000, there is to be an additional amount for the purposes of paragraph (1)(b) equal to the amount of the excess.

(3) But the total of the payments under paragraph (1)(b) must not exceed £225,000; and paragraph (2) accordingly has effect subject to this paragraph.

(4) In paragraph (2)—

(a) the reference to the proceeds and premiums received during a calendar year is a reference to the net proceeds and net premiums referred to in section 64 of the 2011 Measure which are received during that calendar year, and

(b) the reference to the Commissioners’ one-third share of those proceeds and premiums is a reference to the moneys comprised in the remaining one-third as referred to in that section.